Skandinaviska Enskilda Banken AB publ Buys New Holdings in Northrop Grumman Corporation $NOC

Skandinaviska Enskilda Banken AB publ purchased a new position in Northrop Grumman Corporation (NYSE:NOC) in the third quarter, Holdings Channel reports. The fund purchased 1,371 shares of the aerospace company’s stock, valued at approximately $835,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Northrop Grumman by 176.3% during the 4th quarter. Brighton Jones LLC now owns 2,970 shares of the aerospace company’s stock worth $1,394,000 after purchasing an additional 1,895 shares during the last quarter. Bison Wealth LLC grew its position in shares of Northrop Grumman by 5.3% in the 4th quarter. Bison Wealth LLC now owns 641 shares of the aerospace company’s stock valued at $301,000 after buying an additional 32 shares during the last quarter. Woodline Partners LP increased its position in shares of Northrop Grumman by 367.7% during the first quarter. Woodline Partners LP now owns 2,516 shares of the aerospace company’s stock worth $1,288,000 after purchasing an additional 1,978 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Northrop Grumman by 3.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,246 shares of the aerospace company’s stock worth $623,000 after buying an additional 36 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Northrop Grumman by 3.8% in the 2nd quarter. D.A. Davidson & CO. now owns 9,342 shares of the aerospace company’s stock valued at $4,671,000 after acquiring an additional 340 shares during the period. 83.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on NOC. Royal Bank Of Canada upped their price objective on Northrop Grumman from $715.00 to $750.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Sanford C. Bernstein restated a “market perform” rating and issued a $727.00 price objective on shares of Northrop Grumman in a research report on Monday, January 12th. BTIG Research lifted their price objective on Northrop Grumman from $680.00 to $815.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. UBS Group boosted their target price on Northrop Grumman from $777.00 to $778.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Finally, Truist Financial reissued a “hold” rating and issued a $623.00 price target (down from $688.00) on shares of Northrop Grumman in a report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $693.60.

Northrop Grumman Trading Down 1.9%

Shares of Northrop Grumman stock opened at $722.73 on Friday. The company has a 50-day moving average of $642.66 and a two-hundred day moving average of $603.76. Northrop Grumman Corporation has a 12-month low of $437.83 and a 12-month high of $745.55. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 0.91. The stock has a market cap of $102.57 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 5.37 and a beta of 0.04.

Northrop Grumman (NYSE:NOC) last released its quarterly earnings results on Tuesday, January 27th. The aerospace company reported $7.23 earnings per share for the quarter, topping analysts’ consensus estimates of $6.97 by $0.26. Northrop Grumman had a return on equity of 25.57% and a net margin of 9.97%.The business had revenue of $11.71 billion for the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the firm posted $6.39 EPS. The company’s revenue was up 9.6% compared to the same quarter last year. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. On average, research analysts anticipate that Northrop Grumman Corporation will post 28.05 EPS for the current fiscal year.

Northrop Grumman Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Monday, February 23rd will be given a $2.31 dividend. The ex-dividend date is Monday, February 23rd. This represents a $9.24 dividend on an annualized basis and a dividend yield of 1.3%. Northrop Grumman’s dividend payout ratio (DPR) is currently 31.72%.

Insider Transactions at Northrop Grumman

In related news, VP Benjamin R. Davies sold 2,189 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $719.61, for a total value of $1,575,226.29. Following the sale, the vice president directly owned 151 shares in the company, valued at $108,661.11. The trade was a 93.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Welsh III sold 97 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $564.08, for a total transaction of $54,715.76. Following the transaction, the director owned 4,281 shares of the company’s stock, valued at $2,414,826.48. This trade represents a 2.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,528 shares of company stock worth $22,024,120. Corporate insiders own 0.23% of the company’s stock.

Northrop Grumman Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.